What Are DeFi Protocols Used For?
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What Are DeFi Protocols Used For?
The explosive growth of decentralized finance (DeFi) has ushered in a revolution in the financial landscape, introducing a diverse range of innovative products and services. Consequently, individuals now have unparalleled access to financial services and products, bypassing the need for intermediaries like banks or traditional financial institutions. DeFi has been instrumental in democratizing finance by…
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What Are Atomic Swaps?
Atomic swaps, a smart contract technology, enable direct cryptocurrency trading without centralized intermediaries, granting users full control over their private keys. These swaps can take place between different blockchain-based cryptocurrencies, either on-chain or off-chain. In September 2017, Decred and Litecoin made headlines with a successful atomic swap. Initially proposed by Tier Nolan on the BitcoinTalk…
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What are BRC20 tokens?
The BRC-20, which is often referred to as a “token standard,” is a type of fungible token. It’s developed using Ordinals and Inscriptions and is stored on the Bitcoin base chain. This standard enables the deployment of token contracts, the minting of tokens, and the transfer of tokens via Ordinal inscriptions of JSON data. Contrary…
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Unlock the Power of Web3 Technology with WebGTR
Web3 technology is transforming the digital world, and WebGTR is at the forefront of this revolution. As a leading software development company, we specialize in harnessing the power of Web3 to create cutting-edge solutions that empower businesses and individuals alike. In this blog, we’ll explore the key benefits of Web3 technology and how WebGTR can help you…
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